FTSE100 – Needs to close above 7055 (Oct 14 high)

TVC:UKX   FTSE 100 Index
Tuesday’s rebound from the rising trend line support followed by two-day winning streak and move to 7040 levels today suggests bulls have regained control, still the journey to fresh record highs needs a daily close above 7055 (Oct 14 high).

On the lower side, only a daily close today below 7000 levels would open doors for a re-test of rising trend line support seen sloping higher to 6975 by tomorrow.

On a larger scheme of things, only a daily close below 6975 would signal trend reversal.
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